Schroder Investment Management Group lowered its stake in Valero Energy Co. (NYSE:VLO) by 12.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 851,666 shares of the oil and gas company’s stock after selling 117,191 shares during the period. Schroder Investment Management Group’s holdings in Valero Energy were worth $78,276,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BKD Wealth Advisors LLC grew its stake in Valero Energy by 8.3% in the 4th quarter. BKD Wealth Advisors LLC now owns 7,092 shares of the oil and gas company’s stock valued at $652,000 after buying an additional 541 shares during the last quarter. Daiwa SB Investments Ltd. grew its stake in Valero Energy by 26.1% in the 4th quarter. Daiwa SB Investments Ltd. now owns 2,660 shares of the oil and gas company’s stock valued at $244,000 after buying an additional 550 shares during the last quarter. BB&T Investment Services Inc. grew its stake in Valero Energy by 6.5% in the 3rd quarter. BB&T Investment Services Inc. now owns 10,276 shares of the oil and gas company’s stock valued at $791,000 after buying an additional 630 shares during the last quarter. GSA Capital Partners LLP grew its stake in Valero Energy by 1.9% in the 3rd quarter. GSA Capital Partners LLP now owns 34,781 shares of the oil and gas company’s stock valued at $2,676,000 after buying an additional 643 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in Valero Energy by 2.1% in the 3rd quarter. IFP Advisors Inc now owns 32,789 shares of the oil and gas company’s stock valued at $2,522,000 after buying an additional 660 shares during the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.
In other news, CFO Michael S. Ciskowski sold 45,657 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the completion of the sale, the chief financial officer now owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael S. Ciskowski sold 251,530 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the sale, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 298,187 shares of company stock valued at $27,611,828. 0.45% of the stock is currently owned by insiders.
Shares of Valero Energy Co. (NYSE:VLO) opened at $93.27 on Monday. Valero Energy Co. has a twelve month low of $60.69 and a twelve month high of $99.95. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The firm has a market cap of $40,810.00, a P/E ratio of 20.23, a PEG ratio of 1.12 and a beta of 0.99.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The company had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. research analysts forecast that Valero Energy Co. will post 7.13 earnings per share for the current year.
Valero Energy announced that its Board of Directors has authorized a share buyback program on Tuesday, January 23rd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, February 12th. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio is 69.41%.
A number of research analysts recently commented on the stock. Macquarie restated a “neutral” rating on shares of Valero Energy in a research report on Monday, October 23rd. They noted that the move was a valuation call. Cowen restated a “buy” rating and set a $90.00 target price on shares of Valero Energy in a research report on Friday, November 3rd. Piper Jaffray Companies restated a “hold” rating and set a $98.00 target price on shares of Valero Energy in a research report on Monday, January 22nd. Zacks Investment Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday, October 23rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $110.00 target price on shares of Valero Energy in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $90.12.
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Valero Energy Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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